Why is BASF India falling/rising?

As of 28-Aug, BASF India Ltd's stock price is currently at 4,545.00, reflecting an increase of 84.0, or 1.88%. Today's price summary indicates that the stock has outperformed its sector by 3.1% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock opened with a gain of 2.39% today and reached an intraday high of Rs 4573.05. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant decline of 33.01% over the past year, the company has shown high management efficiency with a return on equity (ROE) of 16.65% and a low debt-to-equity ratio, indicating a healthy financial position. Nonetheless, the company has reported negative results for the last three consecutive quarters, with profits falling by 38.1%, which has contributed to the stock's overall poor performance.
In the broader market context, BASF India's short-term return of -1.60% over the past week contrasts with the benchmark Sensex, which has declined by 2.34% during the same period. This suggests that while the stock has faced challenges, it has managed to perform relatively better than the broader market recently. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The combination of short-term gains amidst a backdrop of negative quarterly results and long-term underperformance may create a mixed sentiment among investors, influencing the stock's price movement.